What hardships can you use to start a short sale on your house?

Question

What hardships can you use to start a short sale on your house?

Answer 1

Well first, you can't initiate a short sale unless you are behind on your payments.  If you are behind on your payments you need to call the bank who holds your mortgage and speak to someone in the loss mitigation department.  They will then send you a packet that contains all of the info they will need you to send to them along with a letter explaining why you have fallen on hard times, i.e. divorce, medical bills, etc.  You will also need to send them proof of all of your debts, assets, and income.  Good luck!

Answer 2

Each bank is going to have their own standards for hardship documentation. Ask your bank what they’ll need to see from you.  

Answer 3

Whatever the truth is.

Answer 4

loss of consortium

Answer 5

Well if you don thave a REAL hardship why are you trying to rip off the bank you took the loan out fo rthe amount of your house so now pay it back if you cant what is the reason... that is your hardship!!